India Air Separation Unit Market Size & Outlook, 2025-2033
India Air Separation Unit Market Size
According to Straits Research analysis, The India Air Separation Unit Market was valued at USD 492.77 Million in 2024 and is projected to reach USD 873.92 Million by 2033, expanding at a CAGR of 6.5% during the forecast period. This growth trajectory is anchored on the air separation unit's irreplaceable role in various industries including the agriculture, chemical, and energy sectors. The market's expansion is driven by the demand for pure gases in applications like enhancing the growth of plants in agriculture, creating chemical reactions in the chemical industry, and energy production. Emerging trends such as the shift towards green production and increasing focus on sustainability offer further growth opportunities. Technological advancements in air separation unit design and efficiency have also fueled increasing export potential. As India advances in its industrial capabilities, the country is strategically positioning itself as a considerable player in the global air separation unit market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Air Separation Unit Market Highlights
- By segment, Cryogenic Distillation emerged as the largest Process in terms of market size in 2024.
- Non-cryogenic Distillation is anticipated to remain the most attractive Process segment, recording the fastest growth during the forecast period.
- In 2024, India represented 10.07% of the overall global air separation unit market size.
- United States is projected to lead the global air separation unit market size by 2033.
- Across Asia Pacific, China is anticipated to hold the dominant position in market by 2033.
- India is forecasted to expand at the fastest pace in Asia Pacific, attaining USD 2354.6 Million by 2033.
India Air Separation Unit Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 492.77 Million |
| Market Size In 2033 | USD 873.92 Million |
| Largest segment | Cryogenic Distillation |
| Fastest segment | Non-cryogenic Distillation |
| Units | Revenue in USD Million |
| CAGR | 6.5% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Process |
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| Gas |
|
| End Use |
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India Air Separation Unit Market By Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Air Separation Unit Market By Gas 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Air Separation Unit Market By End Use 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
